GSA Capital Partners LLP Acquires 51,959 Shares of Robinhood Markets, Inc. (NASDAQ:HOOD)

GSA Capital Partners LLP boosted its holdings in Robinhood Markets, Inc. (NASDAQ:HOOD) by 182.6% in the third quarter, Holdings Channel reports. The firm owned 80,419 shares of the company’s stock after purchasing an additional 51,959 shares during the quarter. GSA Capital Partners LLP’s holdings in Robinhood Markets were worth $1,883,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HOOD. HM Payson & Co. grew its position in shares of Robinhood Markets by 53.5% in the 3rd quarter. HM Payson & Co. now owns 1,176 shares of the company’s stock valued at $28,000 after acquiring an additional 410 shares during the period. Eastern Bank bought a new position in shares of Robinhood Markets in the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of Robinhood Markets in the 3rd quarter valued at about $33,000. ORG Partners LLC bought a new position in shares of Robinhood Markets in the 2nd quarter valued at about $33,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Robinhood Markets in the 1st quarter valued at about $34,000. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

HOOD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Robinhood Markets from $23.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. JMP Securities lifted their target price on shares of Robinhood Markets from $33.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday. Bank of America lifted their target price on shares of Robinhood Markets from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley lifted their target price on shares of Robinhood Markets from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Robinhood Markets in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Robinhood Markets has an average rating of “Hold” and a consensus price target of $26.10.

Insider Buying and Selling

In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.33, for a total value of $241,625.00. Following the completion of the transaction, the insider now owns 1,045,068 shares of the company’s stock, valued at $20,201,164.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.33, for a total transaction of $241,625.00. Following the sale, the insider now owns 1,045,068 shares in the company, valued at $20,201,164.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Meyer Malka sold 105,875 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.00, for a total value of $3,176,250.00. Following the sale, the director now owns 28,930,243 shares in the company, valued at $867,907,290. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,710,549 shares of company stock worth $115,477,194 in the last three months. 19.95% of the stock is owned by corporate insiders.

Robinhood Markets Trading Up 0.6 %

Shares of NASDAQ:HOOD opened at $33.00 on Wednesday. The firm has a 50 day moving average of $24.69 and a 200-day moving average of $22.05. The stock has a market capitalization of $29.17 billion, a PE ratio of 55.93, a PEG ratio of 0.73 and a beta of 1.84. Robinhood Markets, Inc. has a 12 month low of $7.91 and a 12 month high of $34.32.

Robinhood Markets (NASDAQ:HOOD) last issued its earnings results on Wednesday, October 30th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $637.00 million during the quarter, compared to analyst estimates of $660.53 million. Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. Robinhood Markets’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, research analysts predict that Robinhood Markets, Inc. will post 0.71 EPS for the current fiscal year.

Robinhood Markets Company Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.